CPPIB's Mark Machin warns against political interference: Reuters
The head of the Canada Pension Plan Investment Board warned lawmakers not to interfere in its investment policies saying it should operate "at an arm's length" from the government, Reuters reported. The Liberal government is looking for ways to attract private investors such as pension funds to invest in new infrastructure projects, having committed to spending $125 billion over the next 10 years. Speaking to the House of Commons Finance Committee on Tuesday, CPPIB's CEO Mark Machin said the fund would welcome more opportunities to make investments of more than $500 million in Canadian infrastructure, but cautioned that political pressure to invest would be unwelcome.
1 November 2016•2 mins read
